Indian markets drop sharply on US tariff notice
Indian stock markets fell sharply on August 26, 2025, with the Sensex dropping over 800 points and Nifty 50 slipping below 24,800. All sectors except FMCG ended lower, led by realty, pharma, metal, and PSU banks. Selling pressure rose after the US issued a notice to impose 50% tariffs on Indian goods as the deadline ended today.